Bills to wind down Greensill Capital estimated at more than £30m

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Bills for administrators and lawyers to wind down Greensill Capital’s UK business estimated to come in at more than £30m in first year alone

By Daily Mail City & Finance Reporter

Published: | Updated:

The bills for administrators and lawyers to wind down Greensill Capital’s UK business are estimated to come in at more than £30m in the first year alone.

Greensill, which was run by Australian financier Lex Greensill and counted David Cameron as an adviser, went bust in March. 

Bust: Greensill was run by Australian financier Lex Greensill and counted David Cameron as an adviser

It was the major funder to Sanjeev Gupta’s GFG Alliance, which includes Liberty Steel. 

Greensill’s administrators Grant Thornton racked up fees of £2.9m by mid-April. 

A report showed those charges could rise to £15m by next March. 

These are on top of a forecast £12m to £16m in legal fees – for firms including Herbert Smith Free- hills and Allen & Overy.

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